Call 020 7127 6863

Email us info@wecertify.co.uk

Visit us : I-Hub, 4th Floor, 84 Wood Lane, London W12 0BZ

What we can do for you and your business

1.     Bookkeeping Services:

Recording financial transactions

Maintaining accurate records of income and expenses

Bank reconciliation

Accounts payable and receivable management

Preparation of financial statements (such as profit and loss statements, balance sheets)

2.     Tax Preparation and Compliance:

Preparation and filing of annual accounts and tax returns

Corporation tax compliance for businesses

Self-assessment tax returns for individuals

Value Added Tax (VAT) returns and compliance

Tax planning and advice to minimise tax liabilities

3.     Payroll Services:

Processing payroll including salary calculations, deductions, and bonuses

Issuing payslips and managing payroll records

Compliance with payroll taxes and reporting requirements

Handling Real-Time Information (RTI) submissions to HM Revenue & Customs (HMRC)

4.     VAT Services:

VAT registration and deregistration

Preparation and submission of VAT returns

Advising on VAT schemes and compliance with VAT regulations

VAT planning to optimise VAT recovery and minimise liabilities

Management Accounts:

5.     Preparation of periodic management accounts to help businesses monitor performance

Analysis of financial data to support decision-making

Budgeting and forecasting

Variance analysis and performance measurement

Tax Advisory Services:

6.     Providing advice on tax-efficient business structures

Capital gains tax planning

Inheritance tax planning

International tax planning for businesses with cross-border operations

Research and development (R&D) tax credits assistance

7.     Audit Support:

Assisting with audit preparations and providing necessary documentation

Liaising with auditors during the audit process

Internal control assessments and recommendations

8.     Financial Reporting Compliance:

Ensuring compliance with UK accounting standards (e.g., UK GAAP or IFRS)

Preparing statutory financial statements in accordance with regulatory requirements

9.     SOLICITORS’ ACCOUNTS

Client Account Management:

Recording and reconciling transactions related to client funds held in trust accounts.

Maintaining accurate records of client money received, disbursed, and held on behalf of clients.

Handling client payments, receipts, and transfers in accordance with Solicitors Regulation Authority (SRA) rules.

Office Account Management:

Managing the firm's own funds, including operating expenses and income.

Recording and reconciling transactions related to the firm's business activities.

Handling payments to suppliers, staff salaries, rent, and other overheads.

Compliance with Solicitors Accounts Rules (SAR):

Ensuring compliance with the Solicitors Accounts Rules set out by the Solicitors Regulation Authority (SRA).

Maintaining proper accounting records and documentation as required by SAR.

Conducting regular internal audits to ensure adherence to SAR requirements.

Bank Reconciliation:

Reconciling bank statements for client and office accounts to ensure accuracy and detect discrepancies.

Identifying and rectifying any errors or discrepancies in bank transactions promptly.

Financial Reporting:

Preparation of financial statements, including balance sheets, profit and loss accounts, and cash flow statements.

Providing timely and accurate financial reports to partners, stakeholders, and regulatory authorities.

VAT and Tax Compliance:

Handling VAT registration and compliance for the firm's transactions, where applicable.

Preparation and submission of VAT returns in accordance with HM Revenue & Customs (HMRC) requirements.

Advising on tax planning strategies to minimize tax liabilities and ensure compliance with tax laws.

Payroll Services:

Processing payroll for solicitors and support staff, including salary calculations, deductions, and tax withholdings.

Ensuring compliance with payroll taxes and reporting requirements.

Handling Real-Time Information (RTI) submissions to HMRC and issuing payslips to employees.

Internal Controls and Risk Management:

Implementing internal controls and procedures to safeguard client funds and prevent fraud or misappropriation.

Conducting risk assessments and implementing measures to mitigate financial risks.

Providing training and guidance to staff on compliance with accounting and regulatory requirements.